Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A new management team will be hired to run EIGH. Which team members will be skilled, experienced financial personnel with I believe connections to big finance monies. Probably have access to that $40,000,000.00!!!!!!!!!!!
SEC has found no reason to suspend EIGH any longer. In fact the SEC has cleared EIGH to seek 15c-211 status to get off of the Greys'.
Absolutely JP...
Also...the NOBO/OBO lists prove that the company has not been diluting
Thanks fade...I think we all deserve it...we have a very strong group of shareholders here who are able to see beyond the fog to what is in my opinion a very solid company and continue to believe in that. Happy holidays to you as well
That is correct...they are held by people close to the company and are not being traded.
My understanding is that the raw product can be oil, sand, etc...it can be up to about 80% oil the rest is waste...
Hi GRNOers...sorry for the delay in posting today...I had some family issues to deal with and have just sat down at my computer.
I would like to thank SeaBreezing, GreenRhino and BillyJack for what they have reported here regarding the conference call we were on yesterday with GRNO...the call lasted for well over an hour and I felt that Peter and the company's lawyer were very open and forthcoming.
To summarize...
1. Peter stated that, with oil at $80 per barrel he expects a profit margin of 30- 40%. Each unit can handle 14,000 barrels per month of raw product. Generally speaking this will produce about 7,000 barrels of finished product for which they received the Nymex price less $11. Shell Oil will take as much as they can provide.
2. 2010 Financials (unaudited) are completed to the end of November. The lawyer is talking to an auditor today who was recommended to her...the audit should be completed about 45 days following year-end.
3. The Harbinger Report will be released next week...this was stated several times. The company seems quite excited about it and what it will tell us as well as potential new investors
4. Past history of the company has caused them to be super cautious that everything is correct in anything they file with the SEC as they want things to be processed quickly...a little time now will save a lot of time later. Peter was very clear that the prior ownership of the company has no ties to it today and also that none of the former liabilities were taken on by the new company.
5. the share structure as presented in the ibox is correct, there will be no dilution. Peter said there was no reason to play with the share structure.
6. The Texas plant should be up and running by April 2011 and fully cost effective...delay is caused by delay in receiving permits...once permits are received they should be running with 20,000 barrels
7. Ramos and Ramos are private investors who have been working alongside Peter to help build the company. They are not selling their shares as they have the same greater vision for the company as Peter does. He has always had excellent dealing with them. Any promotions that may have been done by them were in no way connected to Peter or GRNO
It was very clear to me that Peter has a strong desire to build shareholder confidence. He understands we have been taking a beating and feels that company transparency and giving out strong information about the company in a timely manner will help with this...fundamentals will look after technicals.
Howdy everyone! sorry I have been absent for so long but have been dealing with a lot of stuff...
I will have an opportunity to ask any questions we want answered by the the CEO tomorrow afternoon so thought I would put it out there to our team and ask for any input you have...please PM me with questions that you would like asked.
Obviously, he will not be able to answer anything that violates SEC rules but he does want to be as transparent as possible withing those guidelines.
Have a great day!
NMC
Hermon...long time no see I think you have to put a limit order in on the greys because they are supposed to match buys with sells...
I know of about 1.5 million in buy orders that are waiting to be filled between .01 and .025
That is very interesting merr...looks like NITE is the chief MM in this stock
This will be my last post to you...
If I tell a girlfriend about a great shoe sale and she goes and buys shoes...and the shoes fall apart, is that my fault? Or did she make her own decision to act based on information provided to her?
Jerry never introduced me to the shares I bought, that he also happened to be buying...in fact, Hot Stock Ace did through his Money Runners board...why isn't he being investigated? Well, let me answer that...probably because he said, in essence, "here is an opportunity for you to buy shares in a company that are fundamentally sound, have a low float and seem to be implementing their business plan...do your own DD but I am buying"...so I did my own DD and bought, and added as I was able...and I am still adding...
I believe there is a large naked short position in EIGH...
Assuming it exists, did I have something to do with that? Do I influence people who go short on a stock? Do I have any influence on what a company does? How am I in any way involved in the fact that some folks decided to short the stock? I am not!
The answer to all these questions is a resounding NO! The only thing I have control over is my own actions...if I make an error in an investment decision then I guess I have a tax loss...would way rather pay capital gains, but maybe I made a mistake...no one's fault but my own...
This is my position...I have no desire to debate it or to have dozens of posts telling me I am stupid...etc...been there, done that...I have made my very own adult decisions and I will live with the consequences...period...The End
Good luck to everyone here and have a fantastic evening
Ninja...I have just read your post and I am compelled to respond...I do understand where you are coming from if you have only experienced the Phoenix "Hybrid" class.
I was also in Phoenix and had zero charting experience but lots of "hope stock" experience...in fact I had become quite expert at buying high and selling low!
When I left the Phoenix Monkinar I was super excited about what I had learned...paper-traded very successfully...went live and lost money...
Because I believed in Monk and believed in the simplicity of his system, my husband and I attended the Basic in Portland...I spent the weekend saying "aha! now I get it"
I then took my daughter to the Basic in Grand Junction and was totally wowed by the presentation...and a whole lot more "Ahas"
My husband and I attended the Advanced in Boston last month and we are both making money using Jerry's methods and settings!
Having said all of the above, I need to tell you what I think happened over the past two years...someone (Ex Blockman) asked Jerry to come out and teach him how to trade because he was at his wits end financially and didn't know what else to do. By the time that visit was finalized, ExB had a few other people who were interested in learning and the Monkinar was born. A few other folks heard about Jerry and asked if he would teach them (much closer to home for him) The folks that attended those first Monkinars were anxious to learn more, so Jerry put together the "Advanced" class in Phoenix and you and I, among others (almost 40 of us I believe) went to Phoenix...
My point is that this was a "work in progress" at that point...I don't believe for a minute that Jerry knew how big his Monkinars would grow and how fast it would happen...I attend every Monkinar I am able to...to meet the absolutely best people I have encountered in my life...and to tweak my skills as a trader...
What is taught at the Monkinars works...end of story...period...nuff said!
Always good to look at both sides of the story IMO
Perhaps it was the other way around...
Yes...
Do we really want to tie up their time with our calls and emails? This will just prolong a resolution IMO. The standard answer is "I cannot confirm or deny if the investigation is ongoing"...we know it is, because the company has told us so...
Having said that, sending an email with information they may find pertinent is an excellent idea...
Here is her number (617) 573-8900 which was published in the suspension notice...
And no, I am saying that... when I or others asked a question, she said she could not comment on the investigation...I am sure she will answer the general question of how does the SEC deal with a large NSS position but not a specific question about a conversation she had with someone...
Just so you have the info...I called her the first day the suspension started...
Raegan Willis...but she isn't inclined to give out information only to collect it...go ahead and give her a call
She is the SEC attorney working on the investigation...
LOL!
Indeed...I wonder what else he has been totally honest about...
Everything is my guess
The SEC attorney told me the same thing LG, and also asked me if I owned shares in a couple of other companies...
the SEC attorney told me if their is a Huge Naked Short Position on EIGH the SEC will deal with it accordingly! Without me even mentioning it the SEC attorney asked me about a couple other stocks that were brought to their attention that seemed to be linked in some way to EIGH and the SEC is looking into those also for the same purpose. Just so you know what the SEC attorney told me
Not to mention that he neglected to include that the status is "inactive"...
Investor Relations Professional (IRP) Information for:
All content is maintained by the Member Monk IRP subscription status: Inactive
Nice to see you here tonight Ricky! Aloha brother! And...
Go EIGH!!!!!!!!!!
Nope...but definitely looking forward to it!
Hmmm...that is pretty interesting...glad you pointed that out!
Just received a shareholder update from EIGH...not surprising the Monk's Den acquisition was aborted, under the circumstances...
1 0 4 3 2 B a l l s F o r d R o a d S u i t e 3 0 0 M a n a s s a s V i r g i n i a 2 0 1 0 9
Statement to all Shareholders of 8000 Inc.
On November 8, 2010, the company became the subject of a trading suspension and an SEC
Subpoena “In the Matter of Monks Den.”
The trading suspension, which related principally to questions about the accuracy of certain press
releases, was lifted at 11:59PM November 17, 2010.
The Subpoena requires the submission of documents and testimony of certain persons associated
with the company relating principally to its relationship with Monks Den. Through its legal counsel
and advisors, the company and such Subpoenaed persons are cooperating fully with all requests from
the SEC , have submitted the documents required under the Subpoena and the first of at least two
SEC depositions to be given in this matter is scheduled for Monday.
Preliminarily, the company wants to state publicly:
~ It is not and has never been involved, independently or in combination with Monks Den or its
principal(s), in any illegal stock profiting scheme (commonly called “pump and dump”).
~ The company has not to date paid for any promotional activity and does not engage in any
such activity.
~ The company is a legitimate, active company which its management feels is gaining traction
in its redirected business plan and, in fact, poised to become successful, among other activities,
development of its Brand8000 and nurturing the companies it has acquired over the last 11 months.
~ The company accepts that it should have handled certain actions differently and is prepared
to take all appropriate corrective actions, including issuing appropriate corrective disclosures.
~ Nonetheless, neither the company nor the person Subpoenaed persons has engaged in illegal
stock profiting or market manipulation.
In fact, the company would like to clarify and make public the following:
~ The acquisition of Monks Den was never completed; no payment was made or exchanged;
and was not concluded. The company accepts this aborted transaction could have been clarified
earlier and this will be addressed with the SEC.
~ In conjunction with the Subpoena and its full cooperation with the SEC, the business records,
activities, invoices, orders, agreements and additional supporting documents submitted have
aggregated not less than 8000 pages (some 1.4GB of documents and records).
~ For some 6 months, the company has been aware of illegal naked short positions and it has
submitted stock audit findings and related documentation in the company’s submission to the SEC.
~ In that context, the company has sent all recorded voicemails and e-mails, including those of
a threatening nature, as part of its submission to the SEC.
~ Similarly, the company has included in its Subpoena response its compilation (including
names, websites, relationships) a file of all public boards making false allegations and associations
pertaining to the company and its associates engaging in scam operations, pump and dump schemes
or payment for services, etc.
~ The company will accept any future operational and disclosure directions from the SEC.
1 0 4 3 2 B a l l s F o r d R o a d S u i t e 3 0 0 M a n a s s a s V i r g i n i a 2 0 1 0 9
~ The company and its associated persons are redoubling its efforts, looking back and forward,
to make full and fair disclosure of its proper business activities.
While the company regrets the trading suspension and investigation, it is more troubled with the
scurrilous comments and false statements about the company.
The company will continue to inform and update its investors accordingly.
For more information please visit:
www.brand8000.com
www.8000incgroup.com
www.8000inc.net
Or contact:
investors@8000inc.net
-ENDSThis
news release contains forward-looking statements that are subject to certain risks and uncertainties that may
cause actual results to differ materially from those projected on the basis of such forward-looking statements. The
words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forwardlooking
statements. Such forward-looking statements are made based on management's beliefs, as well as
assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions
of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk
factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on
Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date made and the Company
undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or
circumstances after the date made or to reflect the occurrence of unanticipated events.
I actually get that Janice...I may not have a PHD but I do have a business degree and am not stupid....
Do you have a link to prove that Janice? You keep saying the same thing over and over but I have yet to see a link that proves there is not a large Naked Short Position in this stock...I am not interested in seeing a link to the retail shorts...thanks for your help!
Please provide a link...thank you.
In the end it will be what it will be...I choose to remain positive until I am shown evidence that the company is being charged with something...
I do have her direct line because she gave it to me but not sure I should publish it here...her email is willisra@sec.gov
Otherwise if you phone that number, hit zero for a receptionist then ask for her, they will put you through.
Her name is Raegan Willis
Who did you speak with who told you there was an active SEC investigation? When I spoke with the SEC investigator she said she could not tell us one way or the other and we would probably never know...
Actually I believe it is the hedge funds that have the large naked short position...
Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
She did indeed Greasen...at least 3 or 4 days before the paperwork would be done to move back on the pinks...so not before next Wednesday probably
Well there have certainly been some great buys today here...have been adding along with UCQuality, aimhignbeyond, hotrodholland, Lilac Blue...
Excellent post BillyJack! I too am holding...and have a bid in today...we will see if it fills or not
I believe IB has never allowed buys on this stock...
I tried a test order with IB and they will only allow closing positions. Ugly, ugly, ugly....... EFF.ORG
Thanks!